Free Republic

Congressman Darrell Issa (R-CA), Chairman of the House Oversight and Government Reform Committee, and Congressman Jim Jordan (R-OH), Chairman of the Economic Growth Subcommittee, sent a harsh letter to Attorney General Holder Wednesday accusing the Department of Justice of abusing its power and intimidating banks through its "Operation Choke Point." In the letter, Issa and Jordan stated, "[t]he [House Oversight and Government Reform] Committee is concerned that both the goal and mechanisms of Operation Choke Point may constitute a serious mismanagement and abuse of the Department´s FIRREA [Financial Institution Reform and Recovery Act of 1989] authority." Breitbart News broke the

War On Banks: Attorney General Eric Holder has opened up a new front against car lenders and has forged an alliance with the Consumer Financial Protection Bureau to frame them for racism, too. We don't use the term "frame" capriciously, certainly not like Holder uses the charge of racism. His department and the president's new consumer credit watchdog agency, CFPB, have announced a new settlement with Ally Bank for nearly $100 million. It's the largest fair lending deal against the auto industry and the third-largest ever to resolve charges of lending discrimination. Throw in four new mortgage-lender settlements over equally...

Eric Holder’s idea of implementing justice is to shake down banks on trumped up charges based on vague statistics and leftist theories. Holder’s Department of Justice recently leveled a $100 million fine against Ally Bank for “racist” lending practices without a shred of evidence. And Ally’s not the only victim of Obama/Holder Inc.’s protection racket. Apparently, the post-racial presidency of Barack Obama has decided to extort almost a billion dollars from capitalist institutions under the unjustified pretense of ‘race-based’ predatory lending. The recent settlement made between Ally Bank and the DOJ’s Orwellian named Consumer Financial Protection Bureau is one of...